Financial Results : Bank AlJazira’s Q1 2025 profit jumps 20% to SAR 361M

Bank AlJazira’s Q1 2025 profit jumps 20% to SAR 361M

01/05/2025 Argaam Exclusive

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Bank AlJazira reported a net profit rise of 20% to SAR 361 million for the first quarter of 2025, from SAR 300.4 million in the year-earlier period.

 



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Net Special Commission Income 620.08 753.94 21.6 %
Operating Income 888.30 1,079.22 21.5 %
Debt Provisions (54.31) (103.61) (90.8 %)
Net Income 300.44 361.00 20.2 %
Average Shares 1,281.25 1,281.25 -
Earnings Per Share before unusual items (Riyal) 0.23 0.28 20.2 %
EPS (Riyal) 0.23 0.28 20.2 %
EPS Diluted (Riyal) 0.23 0.28 20.5 %

The profit growth was driven by a 22% year-on-year (YoY) increase in net financing and investment income. Operating income rose by 21% YoY, thanks to a rise in net income from financing and investment, higher net fees from banking services, dividend income and net foreign exchange income.

 

The bank’s net earnings climbed by 28.8% from SAR 280.2 million in Q4 2024.

Balance Sheet (B)

Item 3m 2024 3m 2025 Change‬
Assets 135.82 153.16 12.8 %
Customer Deposits 97.27 109.64 12.7 %
Loan 84.12 100.57 19.6 %

Total shareholders’ equity, after minority interest and sukuk, rose to SAR 14.99 billion as of March 31, 2025, from SAR 12.56 billion a year earlier.

 

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